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《大行報告》大摩下調滔搏(06110.HK)目標價至13.8元 評級「增持」
阿思達克 10-28 10:08
摩根士丹利發表研究報告指,宏觀市場逆風及消費者需求疲軟,預期滔搏(06110.HK)銷售表現將較預期差,該行下調對滔搏明年銷售額預測4%,對其2023至2024財年銷售額預測均下調6%,並將對其2023至2024財年淨利潤預測分別下調9%及10%。 該行表示,滔搏未有下調明年淨利潤預測,是由於參考同行業績表現後,預期今年滔搏經營溢利率仍可抵銷銷售額下降的影響,估計銷售額將增長7%,經營溢利則升12%。 大摩指,預測下調後滔搏現價為2022年預測市盈率的13倍,相信價值被市場低估,料未來業績可能是催化劑,該行將滔搏目標價由15.3元下調至13.8元,此相當預測2023年市盈率20倍,維持「增持」評級。
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